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General Discussion / W
« on: August 11, 2026, 12:50:16 am »
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2
General Discussion / Re: Binance will sell out 356M BTS in next 3 months
« on: January 04, 2025, 10:35:01 pm »
Abit,
Please read the ticket and investigate account. ByBit EXCHANGE issued that deposit details and user transferred from MXCOM to ByBit.
Fact is BTS is not listed on ByBit so there is no way a user can transfer BTS from anywhere to ByBit. The victim was convinced by the scammer that he/she can do that and profit from it. It's not ByBit's fault.
It's not our fault either.QuoteInteresting thing is that MXCOM HAS LEGAL RESPONSIBILITY to catch the Scammer that is using their exchange to defraud people for funds (even if it isn't MXCOM itself or ByBit) - NOT TO POINT FINGERS OUR WAY.
MXCOM maybe has legal responsibility about that, or not, I don't know. I'm not a lawyer. If so, it is the victim's responsibility to ask related authorities to take action, it's not appropriate that we do anything on behalf of the victim, especially when you even don't know what has happened. Although I generally don't like authorities, if they request something by the law, I'm willing to cooperate.QuotePoint: Educate them, or authorities will educate them.
Maybe my prejudice, I think authorities usually make things worse.QuoteOnce again, it is very clear that ByBit does not own that account. It is owned by the scammer.
And to be clear: do not ever again compare my history with any of them, I had the decency to follow up on legalities with any/every company I've touched. I signed every paper and every investment deal by name of myself even it costed ME IN THE END EVERYTHING - so please educate yourself more, I'm still learning and surprisingly You seem be in denial for new lessons which personally makes me truly sad.
Small note on account owned by ByBit -> All the funds are automatically (probably by bot) being sent back straight to MXCOM, hence the responsibility is 100% ON THEM.
Thank You for setting aside Your own prejudice and making this reasonable conversation. I will step down from communicating further with the user apart from pointing out to the user itself that MXCOM has full legal responsibility as by the investigation of the account ->> scammer is using MXCOM to defraud people as the funds are coming back within seconds to the same exchange account on the BitShares blockchain.
I would still appreciate if Bitcrab (or even yourself if You can acquire information) would be decent enough to reply to the 1st question I've popped:
1.) Is the sellout done ? Today is 5th of January 2025.
3
General Discussion / Re: Binance will sell out 356M BTS in next 3 months
« on: January 04, 2025, 04:18:50 pm »
And Abit:
I'm not promising user that "I will" get his money back. Seems you forgotten that I'm more intelligent than that.
I'm sending notice to user that if his money is not in his account by end of the weak, I will use his transcripts and authorization to go to the Authorities as he is the defrauded victim here.
BitShares can and will built different case, against slander and incompetence by the exchange that pointed finger our way.
P.S. Stop arguing, arguing is for people less intelligent than we are.
I am back and here to stay. And as far as I am concerned, I'm already doing more than many others who stayed/took over after I was removed. Customer/User base is only thing what matters for success and recognition - nothing else.
I'm not promising user that "I will" get his money back. Seems you forgotten that I'm more intelligent than that.
I'm sending notice to user that if his money is not in his account by end of the weak, I will use his transcripts and authorization to go to the Authorities as he is the defrauded victim here.
BitShares can and will built different case, against slander and incompetence by the exchange that pointed finger our way.
P.S. Stop arguing, arguing is for people less intelligent than we are.
I am back and here to stay. And as far as I am concerned, I'm already doing more than many others who stayed/took over after I was removed. Customer/User base is only thing what matters for success and recognition - nothing else.
4
General Discussion / Re: Binance will sell out 356M BTS in next 3 months
« on: January 04, 2025, 04:06:21 pm »In 8th Nov, totally 200M BTS are sent from binance BTS wallet account binance-bitshares-tss to gate and MEXC.
according to binance's announcement in 12th Aug, binance will perform a conversion of BTS to USDC based on user's holdings in their binance wallet and return U to users, the conversion will be completed by 2025/3/1.
so it's clear that now binance began the "conversion" - in other words, they will sell out the total 356M BTS in CEX like gate and MEXC before 2025/3/1.
Hi,
Merry Christmas and Happy New Year Jerry. Long time we haven't interacted which is on me - and starting off the wrong foot will be again on me.
Please endure following questions and reply as fast as possible:
1.) Today is January 4th 2025. Is the conversion mentioned above done ? Is the Pump&Dump finalized ?
2.) December 24th 2024 we have received a very ticket support with inquiry ending up in very interesting results.
Doing investigation of the mentioned account where withdrawal was made I was (not)surprised to see that ByBit is just another clone of MXCOM/Binance and all of that bullshit from the past 6 years that has been going on.
https://wallet.bitshares.org/#/account/thor1l8hvnr2rec39qnk5365hppywtwr8p8qwq3z3yw
If You navigate to 5th page in the account activity You will find transaction of the victim reaching to support.
Now, I honestly had some personal growth over the past 2 years and I'm completely not interested in the structure, scheme or way of You and Your exchange buddies are doing business, but I DO CARE ABOUT BITSHARES USERS and I DO NOT ALLOW SCAM.
So to be clear, I will today write a reply that his money will be back in his account by the end of the week (tomorrow) and You will go back to your MXCOM buddies and explain to them (if they haven't learned after 11 years of existence of BitShares):
Re: "I will today write a reply that his money will be back in his account by the end of the week"
I'd say you're acting completely wrong. I don't think you can make it, so why promise it in the first place?
The user was scammed, yes. It is his/her greed and ignorance that caused it. Such scams are happening every day in the world. You are not the God, you can't save all people.
You do not allow scam, that's fine. But you need to have the strength to do it well. Your past behavior does not prove it.
A clear fact is that this account https://wallet.bitshares.org/#/account/thor1l8hvnr2rec39qnk5365hppywtwr8p8qwq3z3yw is owned by the scammer but not any exchange you mentioned, nor bitcrab who you're pointing finger to. The scheme is simple, the scammer somehow convinced the victim to send funds (from wherever) to his account and he sends it back to the victim's account (again wherever) with a bonus and he can decide to not send back at all.Quote
ITS NOT BLOCKCHAIN RESPONSIBILITY FOR TRANSACTIONS MADE AND THE FUNDS FUNNELED BY THE CENTRALIZED EXCHANGES ARE THEIR RESPONSIBILITY AS THEY ARE SOLE OWNERS OF THEIR ACCOUNTS CREATED ON OUR BLOCKCHAIN AND TO NEVER AGAIN THEIR SUPPORT PUT A FINGER POINTING THIS WAY FOR THAT SHADY ATTEMPTS OF SCAMMING AND/OR STEALING MONEY
or...
I'll personally write a letter to Ms. Salgado-Juarez, Mariela (USAILN) in the US Department of Justice who is aligned with Federal Bureau of Investigation for Victim Support in cases of fraud&scam with cc to Mr. Gary Gensler who is the chair of the US SEC on Monday morning giving them full structure of the cloned exchanges without proper licenses operating from a dead and/or un-existing companies somewhere in England.
I hope I was crystal clear and no hard feelings. But, unfortunately I am back and I never allowed or will allow anything similar to this.
Best regards,
Co-Founder/Venture Architect @ BitShares
Milos DL Preocanin
IMHO Seeking support from the authorities is never a good idea. The real solution is education.
Abit,
Please read the ticket and investigate account. ByBit EXCHANGE issued that deposit details and user transferred from MXCOM to ByBit. Interesting thing is that MXCOM HAS LEGAL RESPONSIBILITY to catch the Scammer that is using their exchange to defraud people for funds (even if it isn't MXCOM itself or ByBit) - NOT TO POINT FINGERS OUR WAY. Point: Educate them, or authorities will educate them.
And to be clear: do not ever again compare my history with any of them, I had the decency to follow up on legalities with any/every company I've touched. I signed every paper and every investment deal by name of myself even it costed ME IN THE END EVERYTHING - so please educate yourself more, I'm still learning and surprisingly You seem be in denial for new lessons which personally makes me truly sad.
Small note on account owned by ByBit -> All the funds are automatically (probably by bot) being sent back straight to MXCOM, hence the responsibility is 100% ON THEM.
5
General Discussion / Re: Binance will sell out 356M BTS in next 3 months
« on: January 04, 2025, 09:51:33 am »In 8th Nov, totally 200M BTS are sent from binance BTS wallet account binance-bitshares-tss to gate and MEXC.
according to binance's announcement in 12th Aug, binance will perform a conversion of BTS to USDC based on user's holdings in their binance wallet and return U to users, the conversion will be completed by 2025/3/1.
so it's clear that now binance began the "conversion" - in other words, they will sell out the total 356M BTS in CEX like gate and MEXC before 2025/3/1.
Hi,
Merry Christmas and Happy New Year Jerry. Long time we haven't interacted which is on me - and starting off the wrong foot will be again on me.
Please endure following questions and reply as fast as possible:
1.) Today is January 4th 2025. Is the conversion mentioned above done ? Is the Pump&Dump finalized ?
2.) December 24th 2024 we have received a very ticket support with inquiry ending up in very interesting results.
Doing investigation of the mentioned account where withdrawal was made I was (not)surprised to see that ByBit is just another clone of MXCOM/Binance and all of that bullshit from the past 6 years that has been going on.
https://wallet.bitshares.org/#/account/thor1l8hvnr2rec39qnk5365hppywtwr8p8qwq3z3yw
If You navigate to 5th page in the account activity You will find transaction of the victim reaching to support.
Now, I honestly had some personal growth over the past 2 years and I'm completely not interested in the structure, scheme or way of You and Your exchange buddies are doing business, but I DO CARE ABOUT BITSHARES USERS and I DO NOT ALLOW SCAM.
So to be clear, I will today write a reply that his money will be back in his account by the end of the week (tomorrow) and You will go back to your MXCOM buddies and explain to them (if they haven't learned after 11 years of existence of BitShares):
ITS NOT BLOCKCHAIN RESPONSIBILITY FOR TRANSACTIONS MADE AND THE FUNDS FUNNELED BY THE CENTRALIZED EXCHANGES ARE THEIR RESPONSIBILITY AS THEY ARE SOLE OWNERS OF THEIR ACCOUNTS CREATED ON OUR BLOCKCHAIN AND TO NEVER AGAIN THEIR SUPPORT PUT A FINGER POINTING THIS WAY FOR THAT SHADY ATTEMPTS OF SCAMMING AND/OR STEALING MONEY
or...
I'll personally write a letter to Ms. Salgado-Juarez, Mariela (USAILN) in the US Department of Justice who is aligned with Federal Bureau of Investigation for Victim Support in cases of fraud&scam with cc to Mr. Gary Gensler who is the chair of the US SEC on Monday morning giving them full structure of the cloned exchanges without proper licenses operating from a dead and/or un-existing companies somewhere in England.
I hope I was crystal clear and no hard feelings. But, unfortunately I am back and I never allowed or will allow anything similar to this.
Best regards,
Co-Founder/Venture Architect @ BitShares
Milos DL Preocanin
6
General Discussion / Re: Binance alarm to delist BTS
« on: June 06, 2024, 02:30:45 pm »https://www.reddit.com/r/Superstonk/comments/141iu2q/sec_alert_sec_files_13_charges_against_binance/
https://www.reddit.com/r/CryptoCurrency/comments/141j6dd/its_now_official_the_sec_files_13_charges_against/
Binance in hot water in USA, this is the cex you desire?
No, we don't. While I was ranting about it through 2018, 2019, 2020, 2021, 2022 - I've been painted as "enemy of the progress" as the Binance is the "biggest" and "best" and so on... Now, we can see that Binance is what ? Was I wrong ? Was my prediction incorrect ? Not even slightly.
A scam. Big "beautiful" Titanic invented during 2018 was no accidental and it was invented with 2 main objectives:
- To "sink down" all the projects they want aka manipulate the markets.
- Digital "Deutsche Underground Bank" invented to launder trillions of real dollars.
Reality is - those 350M BTS is not owned by users of Binance, but its owned by Binance itself (whoever may be real owner of Binance - possibly Ministry of Finance of some big country we do not know nothing about).
For some of You that has a brain still and love to use it - idea of BTSMG was to "repurchase the BTS" from exactly that big shiny Binance exchange as they were the "enemy of the progress" from the day 1 - not me. Unfortunately, I have failed.
Notice:
I am sure that a lot of spam and scolding and judging will come. I will reply none of it. I will reply to any intellectual and reasonable question, topic or conversation as I'm slowly getting back into my long lost position.
Announcement:
Very soon I'll post a series of reports and explanations what actually happened to all the assets (funds) that BTSMG Co., LTD. used to have in Thailand. I will also post along with it proof/evidence for each statement that I will be making and will be posting full names of the people who destroyed everything we worked for here since I've joined in November 2017.
7
OpenLedger / Re: USD, EUR and CNY Gateway created on CCEDK.com
« on: August 02, 2021, 10:23:14 pm »
https://twitter.com/BitShares_Luci/status/1422320235680460816?s=20
Small CMS with nothing but forms to complain on ecosystem of BitShares and its participants -->> Coming up next.
Stop corruption, stop scammers, preserve REAL value.
Chee®s
Small CMS with nothing but forms to complain on ecosystem of BitShares and its participants -->> Coming up next.
Stop corruption, stop scammers, preserve REAL value.
Chee®s
8
General Discussion / [LOG.LIST] BANNED USERS OF FORUMS
« on: October 01, 2020, 07:25:35 am »
User: Thul3 - PERMANENT BAN.
Reason: Last 100 posts were including defamation, accusations, brand attack, public attempt/invite of project hostile take-over, attacking individuals without proof, miss-information, intentional spreading of false information, etc.
URL to post(s): https://bitsharestalk.org/index.php?action=profile;area=showposts;u=46632
Fact:"You get your financial Freedom on BitShares. You go look for your Freedom of Speech/Post on Steem/Hive. Here -> show respect and participate or move on."
Reason: Last 100 posts were including defamation, accusations, brand attack, public attempt/invite of project hostile take-over, attacking individuals without proof, miss-information, intentional spreading of false information, etc.
URL to post(s): https://bitsharestalk.org/index.php?action=profile;area=showposts;u=46632
Fact:"You get your financial Freedom on BitShares. You go look for your Freedom of Speech/Post on Steem/Hive. Here -> show respect and participate or move on."
9
General Discussion / Re: The idea of governance asset btsDAO. If Voting rights to be obtained through..
« on: August 22, 2020, 10:08:03 am »
It makes BTS security as encourage trading/purchase of ballots/voting between 2 parties where current design (called ugly as "Trojan") locks and interacts only with the blockchain. Only serious investors with long term goals (1,2 or 3 year lock) can gain power, not short-term gamblers of the dex.
And no - you will never again be able to vote with collateral in any way you design it.
Topic locked as it invites regulators to attention of security.
And no - you will never again be able to vote with collateral in any way you design it.
Topic locked as it invites regulators to attention of security.
10
Stakeholder Proposals / Re: [worker proposal] Article and Brand Marketing on Major News Websites
« on: May 01, 2020, 02:06:04 pm »
BitShares is a DEFI ready as technology. One functionality missing to yours and your owners interests such as P2P isn't really entire DEFI concept or its definition, and BitShares definitely has a lot to offer already.
Just provide paid invoices like any other normal people and that's all.
And btw warning:
Your insulting and toxic behavior has been allowed until now. Please try to communicate with the rest of people around in more sensitive and respectful manner before you hit ban here as well.
Chee®s
Just provide paid invoices like any other normal people and that's all.
And btw warning:
Your insulting and toxic behavior has been allowed until now. Please try to communicate with the rest of people around in more sensitive and respectful manner before you hit ban here as well.
Chee®s
11
Stakeholder Proposals / Re: [Poll] BAIP2: Reform on bitEUR feed price mechanism
« on: April 21, 2020, 07:58:45 pm »I guess you discredited your ability to preview market with this statement alreadyQuotestep 1) that Chinese have X amount of weeks to move/close their positions to CNY under the current fixed feeds.I won't put your quotes from tg which are even more funny.QuoteP.S. Yes Thule, on behalf of the West.You trying to discredit me all the time on TG..Nothing new that BEOS,you and some chinese who do inside deals are trying everything now to discredit me.It's also funny it's always you running away when western community starts questioning your actions together with BEOS when trying to discredit me.So how come you claim you ask in the name of Western when you are always running away from them ?
But remember even i lose voting power it won't change anything.I raised my voice before and will continue to do it even with 1 bts voting power.
Many chinese members from CN-Vote are already starting questioning the voting decissions for your worker.
I can understand you guys don't like me to talk to them asking for a reason to support your worker or BEOS where they have no clear answer and ask in cn-votes group chat for reasoning.It must be a big pain.
Here a nice conversation with the creator of CN-Cote
bitProfessor, [17.04.20 11:16]
I don't know the current situation of CN-vote
bitProfessor, [17.04.20 11:18]
But I'm not surprised that CN-vote and beos destroyed bithares one day
bitProfessor, [17.04.20 11:19]
What did they do?
Thule the Moaning father, [17.04.20 11:19]
making inside deals with beos
bitProfessor, [17.04.20 11:19]
HaQuoteI voted ZAVOD as I have discussed a lot with DL, I feel the proposal is feasible, and it cost less.So you voted for a legal represantative mainly for foreigners based on a talk with one guy .......
Did you checked the country where the represantative will be located ?It's local rules ?Legal Security ?Corruption ?enforcment power ?
Am asking because it seems you don't know Slovenia and that's why i asked ironicly the question why didn't you open your crypto company in mongolia.QuoteYou are 100% correct, and thanks for support - unfortunately we are far from agreement on general consensus as you see.
Now this is the tricky part: Stablecoin as represents peg/equivalent to its fiat brother (in terms of legal definitions around globe) and is backed by collateral (in our case BTS on-chain); -> To maintain legal around currency with no owner (apart from current committee members), we have to:
Why don't you post your statements public but only in closed chats ?
Did foreign community agreed on your centralization dictatur crap ?You run away as always ?
Come on at least post your position very clear what it means for bitshares having you as legal.
Tell openly how you plan to centralize everything ,call people who don't like kyc idiots,how you want to enforce staff on business etc ?Why do you talk about it only behind closed doors ?
How many people have you already threatened to sue or kick out of bitshares as Brand owner ?(also for their voting behavior only) .
What did you requested to social media accounts holders ?To get your approvement if they are allowed to use social media accounts about bitshares ?
You going to dictate who is allowed to promote bitshares and who not ?
Based on what ?
You clearly are mentally not able to hold such a positon with your permanent threats and abuse.QuoteI'll give you reply to that. We all forgotten Thul3 was not b-dex when he arrived but thul369 and his activity is this:
BitUSD Debt Position with very nasty CR according to fixed price feeds (which he is so against right ?)
Selling BTS for OBITS
Trading BTS against OPEN.ETH which is dead market
and yeah, holding OPEN.BTC that doesn't work. Can we pass and just start ignoring him completely ? Maybe Alt will realize sooner or later he just had wrong pick.
You are just discrediting yourself more and more.
First of all i stated it already multiple times even years ago that i hold majority of my funds on huobi.Now more than ever because i'm a trader and you can't trade bts very activly on dex with current price feed threshold.
I stated also before that i won't put myself major coins to dex because i don't trust gateways and that's why i support ibc like majority of foreigners which you claim to represent.
To your accusation of being a bad trader even i recommend people to read your comments about trading i bought OPEN.ETH and OPEN.BTC yesterday.
It's a clear bet that these gateways will open soon as OPEN.USDT have been opened yesterday.
Of course you have no clue about it.
So buying OPEN.ETH for 1/3 of regular price is a small bet i did.
Maybe mention the amount i was willing to risk which was arround 60-70k bts for open.eth and open.btc together.
About Obits price falled from average 1 BTS to 0.1 BTS.
A clear buying opportunity if you think VPLedger will have some kind of success.
So please tell me were with your limited ability to understand trading where did i made a big mistake which would discredit me which you try permantly till today with no luck.
Great, and hope now you feel better once you shared it with us. Now anything topic related or helpful ?
Chee®s
12
Stakeholder Proposals / Re: [Poll] BAIP2: Reform on bitEUR feed price mechanism
« on: April 21, 2020, 06:49:55 pm »QuoteWe need some agreement and solution fast, now it's been 9 months and its not "temporary" anymore.
We had the choice several weeks ago, but no one care about it, just want to charge the market fees and force settlement fees which were meaningless.
Now the people want to solve the problem of bitusd, that's good, so, tell me, which tools we have or will have?
We spend about 6000bts everyday in MM, what we got still is empty, if we need to spend so much money in MM continually?
Fixed the problem, yes, that's we should begin to do in the last year, now,we did nothing in such long time, so i don't believe the bts community have the ability to solve these problem, especially bitcrab and cn-vote, they have a
ridiculous logic and thought, they can't fixed any problem, just will make or wait the thing become more worse.
Most of the committees and the wittness didn't care about everything of BTS, even didn't have one word in one year, we are DPOS, NOT POW!
Now, just like someone said: let's beg the price of BTS go above 0.0345USD!
and no one should touch biteur, especially bitcrab, if someone really want a stablecoin of bts, he can use HONEST.bitasset!
GOD will bless us.
Well, we would be using HONEST.assets if they would be having multisig with committee-account and if someone non-anonymous take over owner authority from litepresence. That way only has sense, because we can't even list them on CMC without these 2 requirements done. Trading internally for <200 active users is not really meaningful in this point, without enabling smartcoin and that trading available to masses. Making those 2 happen = "Mission Impossible: BitShares".
For the same reasoning, BitUSD has already perfect structure and ownership which presents him as native asset of the blockchain, where any other created MPA afterwards isn't.
Nevermind, solution then is that actually after BTC Halving we remove BSIP76 once BTS goes over 5c. Hopefully it will happen and will pray for it.
Chee®s
13
Stakeholder Proposals / Re: [Poll] BAIP2: Reform on bitEUR feed price mechanism
« on: April 21, 2020, 06:43:49 pm »You care now because somebody invested 5.000.000 collateral who sucked of other peoples debt kicking out many debt holders from biteur and is now the lowest CR on biteur and who has a clear relationship with you.
Taking other peoples debt and kicking them out of debt is not bringing any supply.
You want more supply for biteur.No problem sell your BTS and you will see how quickly it will get eaten.
But instead you take over the debt positions for pure self benefit and nothing more bringing nothing to biteur.
The only think you do is reducing the amount of debt holders getting biteur debt more centralized.
That's all you can do
aaaa-bb is my account.
I sell GDEX.EOS, GDEX.USDT, and also BTS for bitEUR.
however this is trading, not charity, every trader trades to make benefits.
what have you done?
I am not interested in doing force settlement with bitEUR, it's easy to understand that the bigger your debt position is, the more difficult for you to avoid being force settled.
I'll give you reply to that. We all forgotten Thul3 was not b-dex when he arrived but thul369 and his activity is this:
BitUSD Debt Position with very nasty CR according to fixed price feeds (which he is so against right ?)
Selling BTS for OBITS
Trading BTS against OPEN.ETH which is dead market
and yeah, holding OPEN.BTC that doesn't work. Can we pass and just start ignoring him completely ? Maybe Alt will realize sooner or later he just had wrong pick.
Chee®s
14
Stakeholder Proposals / Re: [Poll] BAIP2: Reform on bitEUR feed price mechanism
« on: April 21, 2020, 12:26:51 pm »Why did you open your company in Singapore which is a global financial hub ,crypto friendly and regulated country and vote at the same time to have legal representative for westerns in Slovenia which is the opposite?
Is this not a legit question on your voting and support behavior?
Why don't you once in your life ask western members what they want when you decide to vote on matters which mainly effects them or at least apply the same standards you used for your own company and chinese community.
Remember your feed bsip which should be only applied to bitcny based on consenus and was later added to bitusd by you with no consent making western mad ?
Seems you want to dictate them your point of view instead letting them go the route the western community wants to go.
I voted ZAVOD as I have discussed a lot with DL, I feel the proposal is feasible, and it cost less.
After BSIP76 has been applied to bitCNY and make sure feed price above 0.22CNY, China community find it also necessary to apply it in bitUSD, to resist shorting attack/death spiral, setting USD threshold as 0.0345USD as at that moment the great amount of accumulated margin call orders is at price 0.0345USD, setting threshold as this will make release the margin call orders.
In my mind, the fact is not that bitCNY belong to China community, bitUSD belong to US community, bitEUR belong to Europe community, they all belong to the whole world, bitCNY has the biggest supply, then bitUSD, then bitEUR, bitUSD status also has big impact on BTS ecosystem/BTS price, that's why China community want to make some change on bitUSD but care less on bitEUR.
You are 100% correct, and thanks for support - unfortunately we are far from agreement on general consensus as you see.
Now this is the tricky part: Stablecoin as represents peg/equivalent to its fiat brother (in terms of legal definitions around globe) and is backed by collateral (in our case BTS on-chain); -> To maintain legal around currency with no owner (apart from current committee members), we have to:
a) restore the PEG before me and Stefan make sure CMC is getting back listed
or
b) Exclude both bitCNY and bitUSD from CMC.
Even CMC Phase 2 demands legal paperwork and has plenty of requirement where with current parameters of those 2 stablecoins we are eligible as fraudcoin. Not saying we are fraud/scam - but reason to prevent "short-attack" from currency that doesn't even report currently its volume is a bit off.
Please reconsider future and reputation of entire blockchain. We still don't have:
1) basic development and legal (apart from what Move does in it's own limits)
2) new dapps/service to offer
3) new committee-account issued replacements for bitUSD and bitCNY
but we do have:
1) empty dex
2) empty gateways (no businesses around)
3) broken smartcoins that nobody new will use
We need some agreement and solution fast, now it's been 9 months and its not "temporary" anymore.
Chee®s
15
Stakeholder Proposals / Re: [Poll] BAIP2: Reform on bitEUR feed price mechanism
« on: April 21, 2020, 12:16:52 pm »My reading is that the request by DL is that we transition to non-faked price feeds on bitUSD.
I support this - Abit has flagged up the primary challenge. It could be done via a phased transition to real price feed over a period of X weeks?
That would give time for big debt holders to shift their positions over and also maybe create some volatility / speculation opportunities in the market if people expect some improvement in price during the period.
Correct - I'm definitely not insane and definitely its not language barrier problem, thanks.
Yeah, idea is
step 1) that Chinese have X amount of weeks to move/close their positions to CNY under the current fixed feeds.
step 2) we restore original feeds and settings on bitUSD and recreate normal positions/markets
Chee®s
actually it's not so simple.
if it is decided to remove BSIP76 from bitUSD, everyone will expect that bitUSD will peg again and will cancel the BTS buying order by bitUSD, then the debt position owners will be not able to close their positions.
Yeah order book doesn't seem to fill all the needs and positions currently opened, but still we can start the process and organize if we really wanted to.
